CDC vs. SEMI

Last updated Jun 24, 2026

CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) and SEMI (Columbia Select Technology ETF) are both exchange-traded funds - CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index, while SEMI is a Semiconductors fund actively managed by Columbia. CDC is passively managed, while SEMI is actively managed. Over the past 3 years, CDC returned 12.98%/yr vs 28.16%/yr for SEMI. At a 0.30 correlation, their price movements are largely independent. CDC charges 0.37%/yr vs 0.75%/yr for SEMI.

Performance

CDC vs. SEMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Columbia Select Technology ETF (SEMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDC achieves a 13.97% return, which is significantly lower than SEMI's 26.33% return.

CDC

• 1D: 1.02%
• 1M: 0.81%
• YTD: 13.97%
• 6M: 13.78%
• 1Y: 21.05%
• 3Y*: 12.98%
• 5Y*: 6.51%
• 10Y*: 10.51%

SEMI

• 1D: -4.96%
• 1M: 3.03%
• YTD: 26.33%
• 6M: 25.43%
• 1Y: 54.26%
• 3Y*: 28.16%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDC vs. SEMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	13.97%	8.96%	14.48%	-4.99%	-12.13%
SEMI Columbia Select Technology ETF	26.33%	24.91%	15.87%	45.37%	-23.94%

Correlation

The correlation between CDC and SEMI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	0.30

The correlation between CDC and SEMI shifts across timeframes, from -0.08 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

CDC vs. SEMI - Sectors Allocation Comparison

Sectors	CDC	SEMI
Financial Services	24.0%	3.1%
Utilities	23.9%	-
Consumer Defensive	15.1%	-
Energy	8.8%	-
Consumer Cyclical	7.0%	3.7%
Healthcare	6.9%	-
Technology	5.0%	85.5%
Industrials	4.4%	-
Communication Services	4.0%	7.7%
Basic Materials	0.0%	-
Real Estate	0.0%	-

Return for Risk

CDC vs. SEMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDC

CDC Risk / Return Rank: 72
CDC Sharpe Ratio Rank: 70
CDC Sortino Ratio Rank: 74
CDC Omega Ratio Rank: 64
CDC Calmar Ratio Rank: 77
CDC Martin Ratio Rank: 74

SEMI

SEMI Risk / Return Rank: 70
SEMI Sharpe Ratio Rank: 71
SEMI Sortino Ratio Rank: 60
SEMI Omega Ratio Rank: 64
SEMI Calmar Ratio Rank: 77
SEMI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDC vs. SEMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) and Columbia Select Technology ETF (SEMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CDC	SEMI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.19	-0.07
Sortino ratio: Return per unit of downside risk	3.09	2.72	+0.38
Omega ratio: Gain probability vs. loss probability	1.36	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	3.73	3.78	-0.05
Martin ratio: Return relative to average drawdown	13.12	13.59	-0.47

CDC vs. SEMI - Sharpe Ratio Comparison

The current CDC Sharpe Ratio is 2.12, which is comparable to the SEMI Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of CDC and SEMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDC vs. SEMI - Drawdown Comparison

The maximum CDC drawdown since its inception was -21.37%, smaller than the maximum SEMI drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for CDC and SEMI.

Drawdown Indicators

	CDC	SEMI	Difference
Max Drawdown Largest peak-to-trough decline	-21.37%	-33.46%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-14.41%	+8.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.70%	-32.93%	+20.23%
Max Drawdown (5Y) Largest decline over 5 years	-21.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.37%	—	—
Current Drawdown Current decline from peak	-0.49%	-4.96%	+4.47%
Average Drawdown Average peak-to-trough decline	-5.09%	-9.86%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	4.01%	-2.40%

Volatility

CDC vs. SEMI - Volatility Comparison

The current volatility for VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is 3.44%, while Columbia Select Technology ETF (SEMI) has a volatility of 12.90%. This indicates that CDC experiences smaller price fluctuations and is considered to be less risky than SEMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDC	SEMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	12.90%	-9.46%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	20.53%	-13.40%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	24.91%	-14.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	31.93%	-19.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	31.93%	-18.72%

CDC vs. SEMI - Expense Ratio Comparison

CDC has a 0.37% expense ratio, which is lower than SEMI's 0.75% expense ratio.

Dividends

CDC vs. SEMI - Dividend Comparison

CDC's dividend yield for the trailing twelve months is around 3.14%, less than SEMI's 3.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF	3.14%	3.36%	3.32%	4.24%	3.48%	2.65%	2.48%	3.04%	3.37%	2.81%	2.99%	3.17%
SEMI Columbia Select Technology ETF	3.55%	4.48%	0.96%	0.87%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDC and SEMI in my portfolio?

CDC and SEMI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDC or SEMI?

SEMI has higher volatility (12.90%) compared to CDC (3.44%). In terms of maximum drawdown, CDC dropped -21.37% vs SEMI's -33.46%.

Which ETF is better, CDC or SEMI?

On 3-year performance, SEMI leads with 28.16% vs 12.98% for CDC. On fees, CDC is cheaper at 0.37% per year. On volatility, CDC has been the lower-risk option at 3.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CDC or SEMI?

Over the 3-year period, SEMI has performed better with a 28.16% return vs 12.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CDC or SEMI?

CDC is cheaper with a 0.37% expense ratio, compared with 0.75% for SEMI.

Which ETF pays a higher dividend yield, CDC or SEMI?

SEMI has the higher dividend yield at 3.55%, compared with 3.14% for CDC.

What is the main difference between CDC and SEMI?

CDC is categorized as Large Cap Value Equities, while SEMI is Semiconductors. They also come from different issuers: Crestview and Columbia. Their fees differ too: 0.37% for CDC and 0.75% for SEMI.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (2.19 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.